Masso Torrence Wealth Management Inc. Raises Stock Position in VictoryShares Short-Term Bond ETF (NASDAQ:USTB)

Masso Torrence Wealth Management Inc. lifted its holdings in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 6.9% in the third quarter, HoldingsChannel.com reports. The fund owned 89,736 shares of the company’s stock after buying an additional 5,806 shares during the quarter. VictoryShares Short-Term Bond ETF comprises 2.5% of Masso Torrence Wealth Management Inc.’s portfolio, making the stock its 14th biggest holding. Masso Torrence Wealth Management Inc.’s holdings in VictoryShares Short-Term Bond ETF were worth $4,559,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in USTB. Octavia Wealth Advisors LLC bought a new position in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter valued at about $221,000. SageView Advisory Group LLC increased its position in VictoryShares Short-Term Bond ETF by 47.6% in the first quarter. SageView Advisory Group LLC now owns 6,115 shares of the company’s stock worth $305,000 after purchasing an additional 1,973 shares during the last quarter. Mainstay Capital Management LLC ADV purchased a new stake in VictoryShares Short-Term Bond ETF during the first quarter valued at $340,000. Private Client Services LLC purchased a new stake in VictoryShares Short-Term Bond ETF during the third quarter valued at $404,000. Finally, REDW Wealth LLC bought a new position in VictoryShares Short-Term Bond ETF during the first quarter valued at $462,000.

VictoryShares Short-Term Bond ETF Stock Down 0.1 %

Shares of NASDAQ USTB traded down $0.05 during mid-day trading on Friday, hitting $50.41. 89,415 shares of the company’s stock traded hands, compared to its average volume of 69,130. VictoryShares Short-Term Bond ETF has a 1 year low of $48.48 and a 1 year high of $50.92. The company’s 50-day moving average is $50.62 and its two-hundred day moving average is $50.12.

VictoryShares Short-Term Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, October 8th were issued a $0.1687 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Tuesday, October 8th.

VictoryShares Short-Term Bond ETF Company Profile

The Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond fund that invests primarily in US issues with a dollar-weighted average maturity of three years or less. USTB was launched on Oct 24, 2017 and is managed by VictoryShares.